New final rules for reportable events have been announced by the Pension Benefit Guaranty Corporation, and they focus on the highest-risk plans and sponsors—a minority of those covered by the rules.
Most sponsors, according to the PBGC, will have more flexibility to decide whether waiver requirements apply—something that comments on the proposed rules asked for.
The final rule is scheduled for publication in the Federal Register on Friday. It finalizes the agency's 2013 proposed rule on reportable events and will apply to events occurring after January 1, 2016.
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